JCDecaux rumoured to be set to win £500m TfL contract

It is rumoured that Transport for London is set to appoint JCDecaux to handle the £500 million business for its street furniture.
Sources said TfL has selected JCDecaux as its preferred partner but that the decision is subject to a ten-day standstill period. That period is expected to conclude by 20 July, after which a formal appointment will be made.
Clear Channel UK has held the business since 2005 and maintains more than 30,000 bus shelters and bus-stops in London. As part of the agreement, it sells advertising on 5,000 sites.
A spokesman for the company said: “In the spirit of partnership, we will not comment on the decision until TfL makes a public statement on the outcome.”
JCDecaux and TfL declined to comment.
In a separate process, TfL is tendering the contract to sell advertising on the London Underground. Exterion Media, the incumbent, is facing competition from JCDecaux and Clear Channel.
To see the full story as reported by Maisie McCabe click Campaignlive